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In recent years several complaints about racial discrimination in appraising home values have been accumulating. For several decades, to estimate the sale price of the residential properties, appraisers have been walking through the…

Econometrics · Economics 2021-10-15 Mahdieh Yazdani

Real estate appraisal is a complex and important task, that can be made more precise and faster with the help of automated valuation tools. Usually the value of some property is determined by taking into account both structural and…

Computers and Society · Computer Science 2021-09-17 Francesco Bergadano , Roberto Bertilone , Daniela Paolotti , Giancarlo Ruffo

We present Luce, the first life-long predictive model for automated property valuation. Luce addresses two critical issues of property valuation: the lack of recent sold prices and the sparsity of house data. It is designed to operate on a…

Machine Learning · Computer Science 2020-08-14 Hao Peng , Jianxin Li , Zheng Wang , Renyu Yang , Mingzhe Liu , Mingming Zhang , Philip S. Yu , Lifang He

With the development of technology and sharing economy, Airbnb as a famous short-term rental platform, has become the first choice for many young people to select. The issue of Airbnb's pricing has always been a problem worth studying.…

Machine Learning · Computer Science 2023-01-04 Lu Jiang , Yuanhan Li , Na Luo , Jianan Wang , Qiao Ning

Endogeneity bias and instrument variable validation have always been important topics in statistics and econometrics. In the era of big data, such issues typically combine with dimensionality issues and, hence, require even more attention.…

Machine Learning · Statistics 2020-12-17 Ning Xu , Timothy C. G. Fisher , Jian Hong

In the house credit process, banks and lenders rely on a fast and accurate estimation of a real estate price to determine the maximum loan value. Real estate appraisal is often based on relational data, capturing the hard facts of the…

Computer Vision and Pattern Recognition · Computer Science 2021-05-12 Jan-Peter Kucklick , Oliver Müller

Convolutional Networks have dominated the field of computer vision for the last ten years, exhibiting extremely powerful feature extraction capabilities and outstanding classification performance. The main strategy to prolong this trend…

Computer Vision and Pattern Recognition · Computer Science 2021-06-07 Javier Huertas-Tato , Alejandro Martín , Julián Fierrez , David Camacho

This paper presents a model that uses the information that sellers publish in real estate market websites to predict whether a property has higher or lower price than the average price of its similar properties. The model learns the…

Machine Learning · Computer Science 2023-03-28 Vladimir Vargas-Calderón , Jorge E. Camargo

Online real-estate information systems such as Zillow and Trulia have gained increasing popularity in recent years. One important feature offered by these systems is the online home price estimate through automated data-intensive…

Computational Engineering, Finance, and Science · Computer Science 2018-03-05 Bang Liu , Borislav Mavrin , Di Niu , Linglong Kong

This paper presents an intelligent price suggestion system for online second-hand listings based on their uploaded images and text descriptions. The goal of price prediction is to help sellers set effective and reasonable prices for their…

Artificial Intelligence · Computer Science 2020-12-14 Liang Han , Zhaozheng Yin , Zhurong Xia , Mingqian Tang , Rong Jin

Online real estate platforms have become significant marketplaces facilitating users' search for an apartment or a house. Yet it remains challenging to accurately appraise a property's value. Prior works have primarily studied real estate…

Machine Learning · Computer Science 2021-02-17 Kirill Solovev , Nicolas Pröllochs

Reasonable pricing of data products enables data trading platforms to maximize revenue and foster the growth of the data trading market. The textual semantics of data products are vital for pricing and contain significant value that remains…

Computational Engineering, Finance, and Science · Computer Science 2026-02-24 Ruize Gao , Feng Xiao , Jinpu Li , Shaoze Cui

Stock price prediction is a challenging task, but machine learning methods have recently been used successfully for this purpose. In this paper, we extract over 270 hand-crafted features (factors) inspired by technical and quantitative…

Statistical Finance · Quantitative Finance 2020-07-01 Adamantios Ntakaris , Juho Kanniainen , Moncef Gabbouj , Alexandros Iosifidis

Developing an accurate prediction model for housing prices is always needed for socio-economic development and well-being of citizens. In this paper, a diverse set of machine learning algorithms such as XGBoost, CatBoost, Random Forest,…

Machine Learning · Computer Science 2020-06-19 Shashi Bhushan Jha , Radu F. Babiceanu , Vijay Pandey , Rajesh Kumar Jha

Machine learning algorithms are increasingly employed to price or value homes for sale, properties for rent, rides for hire, and various other goods and services. Machine learning-based prices are typically generated by complex algorithms…

Theoretical Economics · Economics 2023-02-21 Nikhil Malik , Emaad Manzoor

Image retrieval relies heavily on the quality of the data modeling and the distance measurement in the feature space. Building on the concept of image manifold, we first propose to represent the feature space of images, learned via neural…

Machine Learning · Computer Science 2020-11-20 Haoyu Dong , Ze Wang , Qiang Qiu , Guillermo Sapiro

Geographically weighted regression (GWR) is a popular tool for modeling spatial heterogeneity in a regression model. However, the current weighting function used in GWR only considers the geographical distance, while the attribute…

Machine Learning · Computer Science 2023-05-17 Hone-Jay Chu , Po-Hung Chen , Sheng-Mao Chang , Muhammad Zeeshan Ali , Sumriti Ranjan Patra

Estimating the location and orientation of humans is an essential skill for service and assistive robots. To achieve a reliable estimation in a wide area such as an apartment, multiple RGBD cameras are frequently used. Firstly, these setups…

Robotics · Computer Science 2020-07-29 Daniel Rodriguez-Criado , Pilar Bachiller , Pablo Bustos , George Vogiatzis , Luis J. Manso

Pricing a rental property on Airbnb is a challenging task for the owner as it determines the number of customers for the place. On the other hand, customers have to evaluate an offered price with minimal knowledge of an optimal value for…

Machine Learning · Computer Science 2021-09-08 Pouya Rezazadeh Kalehbasti , Liubov Nikolenko , Hoormazd Rezaei

This paper will illustrate the usage of Machine Learning algorithms on US College Scorecard datasets. For this paper, we will use our knowledge, research, and development of a predictive model to compare the results of all the models and…

Computers and Society · Computer Science 2024-06-13 Zalak Patel , Ayushi Porwal , Kajal Bhandare , Jongwook Woo